AI Cybersecurity Startup CyCraft Raised US$5.65 Million in Series B Funding

Artificial intelligence company, CyCraft, announced that it has closed US$5.65 million in Series B funding from Pavilion Capital (a Singapore-based investment company) and the CID Group (a Taiwan-based investment company). CyCraft will use the funding for R&D in explainable and trusted AI and to support market expansion in Asia. In total, this round of funding brings CyCraft’s total funding to date to US$8.15 million.

CyCraft also announced the formal launch of its AI-driven SecOps Platform which enables future-embracing security partners in Taiwan, Japan and Singapore to offer advanced MDR (managed detection and response) and AI-driven managed security services to customers demanding true resiliency even when facing the most advanced state-sponsored attack. The platform is streamlined into three products: 1) Xensor, a light-weight, intelligent hybrid endpoint agent that can do both forensics and remediation, 2) CyCarrier, an interactive cockpit for proactive threat hunting and fast response in cyber kill chain; co-piloted by AI, to efficiently visualize situational awareness, consolidate attack storylines, map to MITRE ATT&CK framework and deduce root causes, and 3) CyberTotal, an intelligence fusion system to enrich security findings with global relevance.

Chee-Kong Choun, from Pavilion Capital, said, “With its strong R&D in innovative artificial intelligence for cyber resilience, CyCraft is at the forefront of major changes sweeping the cybersecurity industry.”

“Cybersecurity is a key differentiator for all industry verticals in the age of technology disruption. CyCraft’s performance over the past 18 month is a testament to their vision and focus on technology,” said Steven Chang, Managing Partner of the CID Group.

SOURCE CyCraft